The RS is only on the table if the stars align which will need to be an amazing opportunity. Go $PHIL
1. Vinafilms eventually gets audited which is a long shot.
2. They find a company that makes a huge amount of revenue which they can qualify for a Nasdaq listing another long shot.
3. Henry will only do a RS if an extraordinary opportunity presents itself because he knows and has stated in the CC that without a huge catalyst driving the uplisting to Nasdaq the stock price will drop right back down to where it was before the split. I have watched a company get a Nasdaq listing from Pink Sheet status and they needed multiple reverse splits just to keep the price at the level they needed to uplist. I don't think Henry wants to play that game and hurt shareholder value.
The RS was always on the table and was only to be done to obtain a Nasdaq listing.
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